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World’s First Crypto Addiction Center

Castle Craig Hospital in Scotland treats addiction to crypto trading. 

Situated around 35 kilometres from Edinburgh is the Castle Craig Hospital which specializes in de-addiction and rehabilitation. 

The clinic’s website reads, “Castle Craig Hospital provides treatment for people addicted to trading, spread betting, and the trading of cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and more.”

As per a Decrypt report, Castle Craig is the world’s first crypto addiction clinic.

The report also claims that Castle Craig therapist Anthony Marini was the first to identify a link between gambling and cryptocurrency addiction.

He further says that betting on the stock market “is very similar” to betting on Bitcoin.

Since 2017, Marini has treated 15 patients for crypto addiction. Typically, the clients are from the ages of 20 to 45 who want to invest “a bit of spare cash”.

Of the many available therapy programs, Castle Craig also makes use of the famed 12-step program used by Alcoholics Anonymous (AA) to treat addictions including that of cryptocurrency.

Marini finds it concerning that success stories are widely shared in the crypto space, but the same level of attention is not given to people who have lost money. 

“We’re not hearing about the people that have lost lots of money. People are so ashamed. They feel so guilty. They don’t want to be talking about it. They feel stupid.”

He recommends anyone, whose crypto trading becomes uncontrollable, seek addiction treatment.

Cryptocurrency investment has risen exponentially in the past 2 years. Likewise, cases of mental health issues induced by crypto investments might increase.

News recommendation: US May Promulgate Executive Order on Crypto Oversight

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